Aura Minerals (NASDAQ:AUGO) Posts Earnings Results

Aura Minerals (NASDAQ:AUGO) released its quarterly earnings results on Wednesday. The company reported $999.00 earnings per share for the quarter, Zacks reports. Aura Minerals had a return on equity of 111.96% and a net margin of 7.80%.

Aura Minerals Trading Up 4.9%

Shares of NASDAQ:AUGO opened at $74.95 on Thursday. The stock has a market capitalization of $6.28 billion and a PE ratio of 69.40. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03. Aura Minerals has a 1 year low of $20.08 and a 1 year high of $110.32. The firm has a fifty day moving average price of $84.24 and a 200 day moving average price of $65.64.

Aura Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th will be issued a $0.78 dividend. This is a boost from Aura Minerals’s previous quarterly dividend of $0.66. This represents a $3.12 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Tuesday, May 19th. Aura Minerals’s dividend payout ratio is currently 288.89%.

Insiders Place Their Bets

In other Aura Minerals news, Director Mauad Bruno Sousa sold 38,384 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $83.95, for a total transaction of $3,222,336.80. Following the completion of the transaction, the director owned 576,973 shares of the company’s stock, valued at $48,436,883.35. The trade was a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rodrigo Cardoso Barbosa sold 60,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $81.43, for a total transaction of $4,885,800.00. Following the transaction, the chief executive officer directly owned 794,745 shares of the company’s stock, valued at $64,716,085.35. This represents a 7.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 168,384 shares of company stock valued at $13,619,737.

Institutional Trading of Aura Minerals

A number of large investors have recently bought and sold shares of AUGO. Triumph Capital Management bought a new stake in Aura Minerals during the fourth quarter worth about $25,000. Hollencrest Capital Management grew its stake in Aura Minerals by 307.7% during the fourth quarter. Hollencrest Capital Management now owns 795 shares of the company’s stock worth $40,000 after buying an additional 600 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Aura Minerals during the fourth quarter worth about $34,000. Virtus Advisers LLC grew its stake in Aura Minerals by 46.4% during the fourth quarter. Virtus Advisers LLC now owns 2,635 shares of the company’s stock worth $133,000 after buying an additional 835 shares during the last quarter. Finally, Quarry LP bought a new stake in Aura Minerals during the third quarter worth about $37,000.

Analyst Ratings Changes

AUGO has been the topic of several recent analyst reports. Wall Street Zen raised Aura Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research cut Aura Minerals from a “strong-buy” rating to a “strong sell” rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aura Minerals in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. began coverage on Aura Minerals in a report on Wednesday, February 25th. They issued an “overweight” rating and a $105.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $67.60.

Aura Minerals Company Profile

We are an Americas gold and copper production company with a significant portfolio of mining operations. Our mission is to deliver long-term value by unlocking operational efficiencies, responsibly growing our portfolio with a focus on return on invested capital, responsible mining practices and a commitment to sustainability. We operate with a decentralized culture, supported by a lean corporate team that ensures agile and dynamic management and decision-making processes, focused on high operational sustainability compliance standards.